SGX Nifty indicates a flat opening for markets

Equity tips:-

For today, expect range-bound trade with early weakness being bought into as foreign flows turn buyers on dips.

SGX Nifty is trading at 11,685, up 2 points. For today, expect range-bound trade with early weakness being bought into as foreign flows turn buyers on dips.

On Monday, the Nifty saw a weak start get weaker as selling pressure kept the index under pressure. However, late hour buying by foreign investors saw Nifty recoup some losses to close down 60 points. Metals, banks, and financial services sectors saw selling pressure as higher crude prices hurt sentiment. Rupee weakness prompted buying in IT and selected upstream oil stocks, while the broader market also fell.

Global market: Asian markets opened mixed as the recovery in Dow Jones from lows saw the lukewarm reaction in most Asian indices which are seeing consolidation. Investor focus has turned on the bigger event of trade tariffs as most other good news is priced in stocks. Financials could see profit booking as crude spike could spur inflation & rise in bonds.

US markets: US stocks see mixed trade as Dow Jones closes in the red while Nasdaq ends in the green. Oil hits 5-month highs as supply & geopolitics keeps the momentum up with Libya internal fighting seeing prices rise. Energy stocks see Dow Jones recover most losses even as financials see selling.

FII/DII Data: In yesterday’s trading session FIIs bought 330cr worth of stock in cash, whereas DIIs sold 624cr worth of stock. In the derivative market, FIIs sold 865cr of Index futures and bought 1174cr worth of Index options. In the Stock futures segment, FIIs sold 1039cr worth of stock futures and sold 51cr stock options.

FII View: In Index future segment, FIIs index future long/short ratio came down to 2.2x vs 2.4x for the first time in the April series, on account of an unwinding of long positions. FII’s created 18362 contracts of buying positions in index put to hedge their existing overall long positions in the index future.

FII	OI(000's)	% Chg	% Chg Since Expiry	Long/Short Ratio	Long/Short Since Expiry
Future Index Long	156	(3)	2	2.2	1.0
Future Index Short	72	8	5
Option Index Call Long	236	6	16	2.6	1.0
Option Index Call Short	92	19	14
Option Index Put Long	316	6	29	1.5	1.1
Option Index Put Short	216	(0)	20

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